OKX & Tether Unite on X Layer with USDT0 Launch

OKX and Tether Introduce USDT0 on X Layer

OKX and Tether have partnered to launch USDT0, a bridged version of Tether's USDT, on X Layer, OKX's Ethereum layer 2 network. This collaboration extends to full support within the OKX Wallet and Exchange platforms, as announced on Tuesday.

This integration allows users to deposit and withdraw USDT0 directly through OKX, providing access to combined liquidity across various DeFi ecosystems, including Arbitrum, Optimism, Unichain, Polygon, and Berachain.

Key Takeaways

• Unified Liquidity: USDT0 aims to streamline stablecoin usability across multiple chains.
• Cross-Chain Transfers: Built on LayerZero’s Omnichain Fungible Token standard, each transfer is verifiable and maintains a 1:1 backing with canonical USDT.

USDT0's Scalable Cross-Chain Solution

USDT0 leverages LayerZero’s Omnichain Fungible Token standard, ensuring verifiable transfers and maintaining a 1:1 backing with canonical USDT. The system has processed over $11 billion in bridge volume across more than 251,000 cross-chain transfers, supporting nine chain pathways.

Lorenzo R., co-founder of USDT0, highlighted that bringing the stablecoin to OKX's platform and X Layer unlocks scalable, cross-chain liquidity, addressing fragmentation and providing seamless access to value across ecosystems.

“Stablecoins are becoming the backbone of onchain finance. With USDT0 live on OKX and X Layer, millions of users and builders can tap into unified, cross-chain liquidity at scale,” he stated.

X Layer's Role in Interoperable Value Exchange

According to OKX founder Star Xu, the integration of USDT0 marks a significant step toward establishing X Layer as a foundational network for seamless and interoperable value exchange.

“By partnering with Tether to bring USDT0 to X Layer and other chains across the OKX platform, we’re empowering our customers with stable omnichain liquidity across the networks they rely on most, while bridging centralized and decentralized finance faster, easier, and more intuitively than ever before,” Xu noted.

OKX launched X Layer last April to reduce transaction costs and enhance scalability. The network supports multiple decentralized applications and uses OKB tokens for gas fees.

OKB recently experienced a price surge following a tokenomics overhaul, including a token burn of over 65 million tokens. This overhaul aims to strengthen X Layer in DeFi and global applications.